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Best in Class Brownfields: Sweet, Sustained Synergies

There’s an old saying that a camel is a horse designed by committee — and sometimes a camel is indeed the end result of a public/private brownfield partnership with too many players. But for well-run collaborations between the public and private sectors, the final project can be well worth the inevitable challenges that come with these multi-faceted developments. “Having a public cheerleader is critically important to the success of any brownfield deal,” says Todd Davis, chief executive officer of Hemisphere Development in Bedford, Ohio, a private brownfield redeveloper. “It can make a huge difference in a developer’s success or failure. Knowing there’s community support for the project really helps attract end users and create positive public relations.” “It takes a lot of time, but the payoff [for public/private partnerships] is amazing,” agrees Laura Bray, executive director of Menomonee Valley Partners Inc. in Milwaukee, which promotes redevelopment of the four-mile-long valley…Log In to Read Full Article

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